Kuwait interested to buy Mall in 2 Billions USD

Kuwait Investment Authority (KIA) is among the final three bidders for an Irish property portfolio valued at an estimated $1.8bn.

Project Jewel, a loan portfolio that includes debt secured on Dundrum Town Centre, a 12 ha shopping centre in Dublin, among others, is controlled by Ireland’s National Asset Management Agency (NAMA), the government body that took over the country’s distressed real estate assets during the downturn.

According to Arabian Business, the sale being conducted by NAMA is for the loans secured against the shopping centres, as opposed to the centres themselves. However, by buying the loans, the successful bidder will have effective control over the properties.

The portfolio also includes a 50% stake in two other prominent shopping centres in Dublin (Ilac in city centre and Pavilion in Swords), as well as land adjacent to the Dundrum Shopping Centre that has been earmarked for its second phase of development.

Source : Construction Week Online

---

Kuwait News

• Events in Kuwait
• List of exemptions from the new medical fees for expatriates
• Video – Las Vegas under attack
• Number plates will be withdrawn for 15 days
• ACs consume bulk of power in Kuwait
• Two women among 6 arrested
• Six year old student locked in cupboard in school
• The Public Authority for Manpower (PAM) has granted a grace period
• New medical fees expected to double revenues
• Court ordered to pay full indemnity
• Court ordered the husband to divorce his wife
• Amir commutes death sentences on 15 Indians
• 1,821 birth and death certificates to Illegal
• Fake Accidents in Kuwait, take care
• 151 Arrested
• Traffic Accidents and Deaths in Kuwait
• All Nationalities – must be 1,000 per day or 30,000 a month from Kuwait Airport
• Social aid extended to wives
• Visa selling for KD 2,300
• Spread of ‘Strawberry’ pills in schools
• Help desk for Filipinos in Kuwait

• <<
• 1
...
• 48
• 49
• 50
• 51
• 52
• 53
• 54
• 55
• 56
• 57
• 58
...
• 200
• >>

---

Filed in: All • Expats in Kuwait • Local News • Projects
Tagged with: about • about kuwait • alert • bloggers • breaking news • constructions in kuwait • date • events • events in kuwait • events kuwait • expats in kuwait • expats kuwait • festivals • kud • kuwait • kuwait bloggers • kuwait constructions • kuwait events • kuwait expats • kuwait festivals • kuwait news • kuwait social media • kuwait uptdate • kuwait upto date • kuwaitup 2date • kuwaitup2date • kuwaituptodate • news • news kuwait • q8up2date • social media • things to do in kuwait • to • top • up • up2date • uptodate • weekend • weekend events • weekend events in Kuwait • what to do in kuwait